Evaluation of Sleeping Stocks in Financial Sector Companies in Indonesia
Monica Weni Pratiwi
Department of Accounting, Bakrie University, Jakarta, Indonesia
https://doi.org/10.47191/jefms/v5-i12-16ABSTRACT:
This study aims to evaluate the background of the occurrence of sleeping stocks in terms of the number of outstanding shares, stock prices, market capitalization, and return on equity. The population of this study is financial sector companies listed on the Indonesia Stock Exchange in the 2016-2020 period. The sampling technique used a purposive sampling method with a total sample of 45. Data analysis methods used were time series, cross-section, and combined. The research results show that the low trading frequency of sleeping shares can be caused by the relatively small number of outstanding shares and market capitalization negative return on equity growth.
KEYWORDS:
Sleeping Stocks, Outstanding Shares, Stock Prices, Market Capitalization, and Return on Equity.
REFERENCES:
1) Afrianti, A., & Sarboini, S. (2020) The Effect of Company Performance on Stock Liquidity using Trading Turnover at Garuda Indonesia. JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi), Vol. 6, No.1, 1-11.
2) Basir, S., & Hendy, M. F. (2005). Corporate Action. Jakarta: Salemba Empat.
3) Budiman, R. (2018). The Secrets of Stock Fundamental Analysis. Jakarta: PT. Elex Media Komputindo.
4) Erlinawati, I. (2015). The Influence of Number of Outstanding Shares, Share Price and Percentage of Public Shares on the Liquidity of Shares of Companies Listed in Jii in the 2013 Period. (Doctoral dissertation, Universitas Airlangga).
5) Ghozali, I. (2016). Multivariate Analysis Application with IBM SPSS 21 Program. Semarang: Badan Penerbit Universitas Diponegoro.
6) Jogiyanto, H. (2013). Portfolio Theory and Investment Analysis. Yogyakarta: BPFE.
7) Kasmir. (2016). Financial Statement Analysis. Jakarta: Rajawali Pers.
8) Reilly, F. K., & Brown, K. C. (2003). Investment Analysis and Portofolio Manajemen. 7th edition. USA: Thomas South Western Inc.
9) Sudana, I. M. (2015). Corporate Financial Management. Edisi Kedua. Jakarta: Erlangga.
10) Saroji, R. P. (2020). The Influence of Financial Performance to Assess Stock Liquidity in Companies Registered on the Indonesian Sharia Stock Index (Issi). TAFAQQUH: Jurnal Hukum Ekonomi Syariah Dan Ahwal Syahsiyah, Vol. 5, No.2, 84-101.
11) Sawitri, A. N., & Sulistyowati, C. (2018). Stock Liquidity and Dividend Policy. The 2018 International Conference of Organizational Innovation, KnE Social Sciences, 1192–1202. https://doi.org/10.18502/kss.v3i10.3461
12) Sihombing, E. D. D., & Supramono, S. (2014). The Phenomenon of Sleeping Stocks and Their Performance. Jurnal Ekonomi Dan Bisnis, Vol. 17, No.2, 71-80.
13) Wira, V. (2012). The Effect of Company Performance on Stock Liquidity Using Trading Turnover (Case Study of Companies Listed on the Indonesian Stock Exchange). Jurnal Manajemen dan Kewirausahaan, Vol.3, No.2, 2086 – 5031.
14) www.idx.co.id.
